Bitcoin have more risks than benefits?

[Nunii]

Well, they could say how risky bitcoin is but in time, when this technology is appropriately regulated plus scammers are minimized the fog will clear out. They will see it will be more beneficial than traditional systems. Only time will tell.

[mitchel_am]

Cryptocurrency it is from the start a risk but in the real life, if you don't risk you don't win. I prefer seeing bitcoin as something that brings me benefits instead of thinking about the risks

[staradvincula]

I think people who never succeed with their bitcoin experience seen the risk more than its benefits. That's normal and I cannot blame them. It's true that bitcoin investment has a very high risk factor, but if you would only allows it to happen. What I mean is, it depend on how tough your decision was. Bitcoin are not the one who put our investment at risk, it's us. We are the one who's deciding that is why we shouldn't put blame on it, it has nothing to do with our decision. For me, I see more of bitcoin benefits more than risk.

[yansen]

between fiat money and Bitcoin, equally at risk. but fiat money is regulated by the government. so all can be watched. but bitcoin, this does not have any regulation. so the owner is free to use bitcoin for anything. so those who understand bitcoin can innovate. why the Spanish bank says that. because bitcoin innovation is currently growing more on fraud and ponzi schemes. which has positive sinking innovations. so those who want to invest should really be able to choose.

[fipper]

Bank of Spain, in Madrid, says that the bank of cryptocurrencies, bitcoin, it's not worth it, and there are more risks than benefits. There are more innovations and they are having more effect.

Notices: https://traders.fxstockbroker.com/article/use-of-crypto-currencies-has-more-risks-than-benefits-bank-of-spain-head
             https://www.compuserve.com/news/world/story/0002/20180523/KCN1IO0YB_1


What is your opinion?

to me worth it because I see a lot and hear real evidence of investing with bitcoin, because if we believe and believe in what is invested with bitcoin then bitcoin is a lucrative investment

[Nabobs Robi]

Yes i can agree that bitcoin have more risky because whales have so much bitcoin they are can sell everytime and they are waiting for 10 k after they selling everything and buying from dip.I would say the bank is very bad because I use it, how can they say bitcoin about it if they have not used it, everything in the world is all at risk, so I guess they just say but have not fully use bitcoin

[Kennedy]

Well, everyone says their opinion about bitcoin or other cryptocurrencies. In some point i can think that it’s true but to be honest i believe that it’s worth to take risks. If you’re lucky enough, your prize would make you the happiest person.. so yes, it’s worth it.

[Uyekyi]

if you use it correctly than no, you should no efficient ways to mine it, and those ways do exist, and the you will certainly make more than lose.

[illeedan]

People be talking about bitcoin will be future money where everyone should invest, and the opposite where bitcoin offers more risk than profit. I guess time will tell.

[rameshrajan1000]

In my country, bitcoin investment and related issues are banned. It's a little bit worse. We will keep trying. The day will come. Anyway, No pain No gain.

[crypto.kaka]

It is the inverse, bitcoin has more advantages contrast with the dangers in light of the fact that the danger of bitcoin is just the market which is a standout amongst the most unpredictable kind of market on the planet yet other than that, there is no substantial hazard for bitcoin yet the advantages are a considerable measure like the obscurity and furthermore the quick of doing exchange which is additionally a secured one since it doesn't require excessively private data like your personal residence.

[alvinmtp]

The advantages and variety of different forms of investment are not just the same. Therefore, the type of investment depends on your capital and expertise. If it has a lot of capital and has a financial display of the market, you can choose investments in stock. If the capital is large and sought, make sure you decide on cryptocurrency as an option. But if there is, in terms of funds and securities, mutual funds become the right choice.

[somtandon2015]

As per my Opinion, bitcoin has more risks than benefits are as follows.

Bitcoins trade on multiple exchanges, and exchange rates vary.

bitcoin prices have exhibited high volatility.

Deposited bitcoins are prone to theft by hacking.

High leverage is risky for newbie traders.

[illete]

More risk more profit,Need to find solution of problems and move on.So overcome the problems and always be safe side.

[Tony alex pepe]

The risk of bitcoin is indisputable that is why bitcoin business is for the smartest people. You need to be smart to scale through. you need to Know when to buy, when to sell and when to do short term trading.

[DavitRoi]

You can see many post like this but i think bitcoin is not more risky than benefits because people can make huge profit with bitcoin..because bitcoin price is raising day by day.

[Anna Whitee]

We should see this point that Bitcoin has no safety mechanisms. Typically, you'll get a private key or random words which protect your wallet. If you lose your key, your funds will be gone with it. There's no support to contact, no way to change the password, and no way you could verify your identity to get your account back. When it's gone - it's gone, there's nothing anyone can do.

[prashanta]

with reference to intrinsic price, I count on loads of human beings (such as yourself) are missing the idea of what intrinsic fee manner for the finance international. To a layman, sure, it has intrinsic charge. identical for gold. but for finance humans, it does not have an intrinsic price.

live with me so I can provide a reason behind. think of the terms "cloud" and "catfish". What do they propose to you? Does cloud recommend a seen mass of debris suspended in the environment or does it mean part of the net wherein processing and garage of facts take location? identical for catfish - is that a fish or a person? equal aspect with intrinsic charge.

Now does that advocate bitcoin is worthless? No, it's miles a massive technological leap forward and will impact every organization inside the international. So simply it has value. certain, I agree that it does. Intrinsic charge as finance human beings describe it? truly no longer.

finally, surely curious to your first mover advantage assertion. can you percent any examples wherein a product or improvement had first mover gain and emerge as now not taken over through the way of both a brief follower or some other innovation?

[martirosyan666]

I think the risks in bitcoin are an investment because in investing bitcoin prices can go up and down then we need a big bounce to invest in bitcoin. I guess we cant escape the truth that crypticurrency is still growing in this era thats why we need all the support of everyone to prevent the risk and may receive the benefits to anyone. Since bitcoin has a higher risk, it also has a higher return of profit, so it is really worth on taking a risk.

[eashikde]

Now is the time when bitcoin is not understandable state. You can not say for sure whether there are risks or not, they always are. We will watch how he will cooperate with the governments and legalize him. And so I think he will keep more or less stable.